BMW has officially unveiled the new M5 Nürburgring taxi at the M Festival in Germany.

While the car is decked out in unique livery, it is virtually identical to the standard model. This means power is provided by a twin-turbo 4.4-liter V8 with 560 PS (412 kW / 552 hp) and 680 Nm (502 lb-ft) of torque. It is connected to a seven-speed double-clutch transmission which enables the M5 to accelerate from 0-100 km/h (62 mph) in 4.4 seconds, 0-200 km/h (124 mph) in 13.0 seconds and hit a top speed of 305 km/h (190 mph).